Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 14,935 shares, an increase of 41.9% from the December 31st total of 10,525 shares. Based on an average daily trading volume, of 251,914 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 251,914 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Down 0.1%

NYSE ETY opened at $15.26 on Tuesday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $11.82 and a 1-year high of $16.03. The company has a 50 day moving average of $15.36 and a 200-day moving average of $15.58.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.0992 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETY. Wolverine Asset Management LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter worth $836,000. Benjamin Edwards Inc. raised its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 24.7% during the fourth quarter. Benjamin Edwards Inc. now owns 28,353 shares of the investment management company’s stock worth $435,000 after acquiring an additional 5,623 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 94.6% during the fourth quarter. Fifth Third Bancorp now owns 8,108 shares of the investment management company’s stock valued at $124,000 after acquiring an additional 3,941 shares during the period. Sigma Planning Corp bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at about $163,000. Finally, UBS Group AG boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.3% in the fourth quarter. UBS Group AG now owns 539,870 shares of the investment management company’s stock valued at $8,282,000 after acquiring an additional 7,048 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

The Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end management investment company that seeks to provide a high level of after-tax total return. Launched in December 2004, ETY is managed by investment professionals at Eaton Vance—now part of Morgan Stanley Investment Management—and employs a tax-sensitive strategy designed to minimize the distribution of capital gains to shareholders.

ETY invests primarily in a diversified portfolio of dividend-paying equity securities across a broad range of industries.